Virtus Advisers LLC Makes New $240,000 Investment in Dominion Energy Inc. $D

Virtus Advisers LLC acquired a new stake in Dominion Energy Inc. (NYSE:D) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,250 shares of the utilities provider’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in Dominion Energy by 16.2% during the second quarter. Vanguard Group Inc. now owns 105,795,310 shares of the utilities provider’s stock valued at $5,979,551,000 after purchasing an additional 14,715,895 shares during the last quarter. Dodge & Cox raised its stake in shares of Dominion Energy by 3.0% during the 1st quarter. Dodge & Cox now owns 23,308,378 shares of the utilities provider’s stock worth $1,306,901,000 after purchasing an additional 685,245 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Dominion Energy by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,725,397 shares of the utilities provider’s stock worth $1,112,697,000 after purchasing an additional 575,350 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Dominion Energy by 19.4% in the 1st quarter. Wellington Management Group LLP now owns 17,744,198 shares of the utilities provider’s stock valued at $994,917,000 after buying an additional 2,882,252 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Dominion Energy by 12.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,091,155 shares of the utilities provider’s stock valued at $790,092,000 after buying an additional 1,552,985 shares in the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the topic of several analyst reports. Wells Fargo & Company began coverage on shares of Dominion Energy in a research report on Tuesday, October 28th. They set an “overweight” rating and a $67.00 price target on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price objective on shares of Dominion Energy in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised their target price on shares of Dominion Energy from $56.00 to $59.00 and gave the company an “underweight” rating in a research note on Thursday, August 21st. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, BTIG Research started coverage on Dominion Energy in a research note on Wednesday, October 22nd. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.22.

Dominion Energy Stock Down 0.1%

Dominion Energy stock opened at $62.51 on Monday. The company’s 50-day moving average price is $60.83 and its two-hundred day moving average price is $59.02. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. The stock has a market cap of $53.38 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.13 and a beta of 0.63. Dominion Energy Inc. has a twelve month low of $48.07 and a twelve month high of $62.87.

Dominion Energy (NYSE:D) last posted its earnings results on Friday, October 31st. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.71 billion. Dominion Energy had a return on equity of 9.68% and a net margin of 16.45%.The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. As a group, analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 20th. Stockholders of record on Friday, December 5th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, December 5th. Dominion Energy’s payout ratio is presently 90.82%.

Dominion Energy Profile

Dominion Energy, Inc produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina.